Questions and Answers
What is the first step to ensure financial accuracy during the cash out process?
What is the purpose of the Z Report in the reconciliation process?
How much cash should be set aside as a float for the next day's transactions?
Which of the following details must be entered into the digital reconciliation form?
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What is the final step in securing excess cash after reconciliation?
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How should the excess cash be calculated before making a deposit?
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What is a key security practice when handling cash deposits?
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What should be done before escalating technical issues with the till system?
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What must be done after counting the total cash in the till?
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Which step follows the generation of the Z Report in the cash out process?
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What information is crucial to include when packaging the excess cash for deposit?
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What is the role of the tablet in the cash out and reconciliation process?
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What should be done if there are technical issues with the till system during reconciliation?
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Which of the following best describes the significance of the final checks and balances in the reconciliation process?
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What is a crucial action to prevent discrepancies in the financial total for the day?
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What should be included in the envelope for cash deposits?
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Which of the following steps is part of preparing for reconciliation?
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What is the primary purpose of accessing the Z Report during the reconciliation process?
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What is a key feature of the drop-safe used for deposits?
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Which aspect is critical when preparing the Supervisor Tag for use?
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What should be done before using the technical support contact details?
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Study Notes
Cash Out and Reconciliation Process Overview
- Closing all tables ensures no open or training mode orders remain, preventing discrepancies in financial reporting.
- The supervisor tag is necessary for accessing advanced functionalities in the till system, essential for generating reports and executing reconciliation.
Generation of the Z Report
- Access reporting mode via the supervisor tag to log into the till system.
- Print the Z Report for a comprehensive summary, detailing all sales, cash, and card transactions for the day.
Cash Handling Procedures
- Count all cash in the till thoroughly, including both notes and coins.
- Set aside a £50 float for the next day's transactions, isolating it from the excess cash to be deposited.
- Calculate excess cash by subtracting the £50 float from the total cash count, preparing it for deposit.
Completion of the Reconciliation Form
- Access the digital Reconciliation Form using a tablet.
- Input data such as net sales, cash in drawer, card totals, and redeemed vouchers accurately to ensure financial records reflect daily operations.
Deposit Preparation and Security
- Package the excess cash in a pre-labeled envelope, including the date and total amount for tracking.
- Deposit the envelope into the restaurant's drop-safe for secure storage without needing to access the main safe.
Important Contacts and Emergency Procedures
- Maintain contact information for technical support, including DOJO Support and Davis EPOS support, for quick resolution of any operational issues.
- Consult with the on-duty manager before escalating technical problems to ensure swift handling.
Review and Oversight
- Conduct final checks of the closing procedures to maintain financial accuracy and integrity within the restaurant’s records.
Cash Out and Reconciliation Process Overview
- Closing all tables ensures no open or training mode orders remain, preventing discrepancies in financial reporting.
- The supervisor tag is necessary for accessing advanced functionalities in the till system, essential for generating reports and executing reconciliation.
Generation of the Z Report
- Access reporting mode via the supervisor tag to log into the till system.
- Print the Z Report for a comprehensive summary, detailing all sales, cash, and card transactions for the day.
Cash Handling Procedures
- Count all cash in the till thoroughly, including both notes and coins.
- Set aside a £50 float for the next day's transactions, isolating it from the excess cash to be deposited.
- Calculate excess cash by subtracting the £50 float from the total cash count, preparing it for deposit.
Completion of the Reconciliation Form
- Access the digital Reconciliation Form using a tablet.
- Input data such as net sales, cash in drawer, card totals, and redeemed vouchers accurately to ensure financial records reflect daily operations.
Deposit Preparation and Security
- Package the excess cash in a pre-labeled envelope, including the date and total amount for tracking.
- Deposit the envelope into the restaurant's drop-safe for secure storage without needing to access the main safe.
Important Contacts and Emergency Procedures
- Maintain contact information for technical support, including DOJO Support and Davis EPOS support, for quick resolution of any operational issues.
- Consult with the on-duty manager before escalating technical problems to ensure swift handling.
Review and Oversight
- Conduct final checks of the closing procedures to maintain financial accuracy and integrity within the restaurant’s records.
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Description
This quiz covers key procedures in cash handling and reconciliation within a till system. It includes steps for generating Z Reports, counting cash, and completing reconciliation forms. Understanding these processes is crucial for accurate financial reporting and cash management.